What is the Environmental Impact of Bitcoin Mining

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Myriad - A coin for everyone.

Myriad (XMY) is a Multi-PoW consensus protocol secured by 5 mining algorithms. Each one suits different hardware.
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BiblePay (BBP)

BiblePay (BBP) is a Charity Christian Cryptocurrency that donates 10% of coins to Charity every month, sponsoring hundreds of orphans
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Mining ERC-918 Tokens (0xBitcoin)

GENERAL INFORMATION

0xBitcoin (0xBTC) is the first mineable ERC20 token on Ethereum. It uses mining for distribution, unlike all previous ERC20 tokens which were assigned to the contract deployer upon creation. 0xBTC is the first implementation of the EIP918 mineable token standard (https://eips.ethereum.org/EIPS/eip-918), which opened up the possibility of a whole new class of mineable assets on Ethereum. Without any ICO, airdrop, pre-mine, or founder’s reward, 0xBitcoin is arguably the most decentralized asset in the Ethereum ecosystem, including even Ether (ETH), which had a large ICO.
The goal of 0xBitcoin is to be looked at as a currency and store of value asset on Ethereum. Its 21 million token hard cap and predictable issuance give it scarcity and transparency in terms of monetary policy, both things that Ether lacks. 0xBitcoin has certain advantages over PoW based currencies, such as compatibility with smart contracts and decentralized exchanges. In addition, 0xBTC cannot be 51% attacked (without attacking Ethereum), is immune from the “death spiral”, and will receive the benefits of scaling and other improvements to the Ethereum network.

GETTING 0xBITCOIN TOKENS

0xBitcoin can be mined using typical PC hardware, traded on exchanges (either decentralized or centralized) or purchased from specific sites/contracts.

-Mined using PC hardware

-Traded on exchanges such as


MINING IN A NUTSHELL

0xBitcoin is a Smart Contract on the Ethereum network, and the concept of Token Mining is patterned after Bitcoin's distribution. Rather than solving 'blocks', work is issued by the contract, which also maintains a Difficulty which goes up or down depending on how often a Reward is issued. Miners can put their hardware to work to claim these rewards, in concert with specialized software, working either by themselves or together as a Pool. The total lifetime supply of 0xBitcoin is 21,000,000 tokens and rewards will repeatedly halve over time.
The 0xBitcoin contract was deployed by Infernal_Toast at Ethereum address: 0xb6ed7644c69416d67b522e20bc294a9a9b405b31
0xBitcoin's smart contract, running on the Ethereum network, maintains a changing "Challenge" (that is generated from the previous Ethereum block hash) and an adjusting Difficulty Target. Like traditional mining, the miners use the SoliditySHA3 algorithm to solve for a Nonce value that, when hashed alongside the current Challenge and their Minting Ethereum Address, is less-than-or-equal-to the current Difficulty Target. Once a miner finds a solution that satisfies the requirements, they can submit it into the contract (calling the Mint() function). This is most often done through a mining pool. The Ethereum address that submits a valid solution first is sent the 50 0xBTC Reward.
(In the case of Pools, valid solutions that do not satisfy the full difficulty specified by the 0xBitcoin contract, but that DO satisfy the Pool's specified Minimum Share Difficulty, get a 'share'. When one of the Miners on that Pool finds a "Full" solution, the number of shares each miner's address has submitted is used to calculate how much of the 50 0xBTC reward they will get. After a Reward is issued, the Challenge changes.
A Retarget happens every 1024 rewards. In short, the Contract tries to target an Average Reward Time of about 60 times the Ethereum block time. So (at the time of this writing):
~13.9 seconds \* 60 = 13.9 minutes
If the average Reward Time is longer than that, the difficulty will decrease. If it's shorter, it will increase. How much longer or shorter it was affects the magnitude with which the difficulty will rise/drop, to a maximum of 50%. * Click Here to visit the stats page~ (https://0x1d00ffff.github.io/0xBTC-Stats) to see recent stats and block times, feel free to ask questions about it if you need help understanding it.

MINING HARDWARE

Presently, 0xBitcoin and "Alt Tokens" can be mined on GPUs, CPUs, IGPs (on-CPU graphics) and certain FPGAs. The most recommended hardware is nVidia graphics cards for their efficiency, ubiquity and relatively low cost. As general rules, the more cores and the higher core frequency (clock) you can get, the more Tokens you will earn!
Mining on nVidia cards:
Mining on AMD cards:
Mining on IGPs (e.g. AMD Radeon and Intel HD Graphics):
Clocks and Power Levels:

MINING SOFTWARE AND DESCRIPTIONS

For the most up-to-date version info, download links, thread links and author contact information, please see this thread: https://www.reddit.com/0xbitcoin/comments/8o06dk/links_to_the_newestbest_miners_for_nvidia_amd/ Keep up to date for the latest speed, stability and feature enhancements!
COSMiC Miner by LtTofu:
SoliditySha3Miner by Amano7:
AIOMiner All-In-One GPU Miner:
TokenMiner by MVis (Mining-Visualizer):
"Nabiki"/2.10.4 by Azlehria:
~Older Miners: Older and possibly-unsupported miner versions can be found at the above link for historical purposes and specific applications- including the original NodeJS CPU miner by Infernal Toast/Zegordo, the '1000x' NodeJS/C++ hybrid version of 0xBitcoin-Miner and Mikers' enhanced CUDA builds.

FOR MORE INFORMATION...

If you have any trouble, the friendly and helpful 0xBitcoin community will be happy to help you out. Discord has kind of become 0xBTC's community hub, you can get answers the fastest from devs and helpful community members. Or message one of the community members on reddit listed below.
Links
submitted by GeoffedUP to gpumining [link] [comments]

💡| Knuth is a high performance implementation of the Bitcoin Cash protocol focused on users requiring extra capacity and resilience. It is a full node software client, but also a development platform. It is designed for: miners, exchanges, app devolopers, block explorers and other businesses.

💡| Knuth is a high performance implementation of the Bitcoin Cash protocol focused on users requiring extra capacity and resilience. It is a full node software client, but also a development platform. It is designed for: miners, exchanges, app devolopers, block explorers and other businesses. submitted by ojjordan78 to Bitcoincash [link] [comments]

New to r/Tokenmining? click here for more in-depth info!

What is EIP:918?

EIP:918 is an Ethereum Improvement Proposal for standardizing mineable token distribution using Proof of Work.
The primary driver behind the standard is to address the very broken ICO model that currently plagues the Ethereum network. Token distribution via the ICO model and it’s derivatives has always been susceptible to illicit behavior by bad actors. New token projects are centralized by nature because a single entity must handle and control all of the initial coins and all of the the raised ICO money. By distributing tokens via an alternative ‘Initial Mining Offering’ (or IMO), the ownership of the token contract no longer belongs with the deployer at all and the deployer is ‘just another user.’ As a result, investor risk exposure utilizing a mined token distribution model is significantly diminished. This standard is intended to be standalone, allowing maximum interoperability with ERC20, ERC721, and future token standards.
The most effective economic side effect of Satoshi Nakamoto’s desire to secure the original Bitcoin network with Proof of Work hash mining was tethering the coin to real computing power, thereby removing centralized actors. Transitioning the responsibility of work back onto individual miners, government organizations have no jurisdiction over the operation of a pure mined token economy. Oversight is removed from an equation whereby miners are providing economic effort in direct exchange of a cryptographic commodity. This facilitates decentralized distribution and establishes all involved parties as stakeholders. The ERC918 standard allows projects to be funded through decentralized computing power instead of centralized, direct-fiat conversion.
The Ethereum blockchain in its current state exists as a thriving ecosystem which allows any individual to store immutable records in a permission-less, invulnerable and transparent manner. Recently, there have been proposals to mitigate some initial ICO investment risks through the introduction of the DAICO model that relies on timed and automated value transfers via the smart contract tapping mechanism. However, this does not align a token smart contract as a non-security and still has the potential to put investors at risk if not implemented carefully, relying on centralized actors to be fair and community intended. Allowing users of the network direct access to tokens by performing computations as a proof of work supplies allows any smart contract to distribute a token in a safe and controlled manner similar to the release of a commodity.
As of 2017, all Ethereum token distribution methods were flawed and susceptible to Sybil attacks. A Sybil attack is a form of computer security attack where one person pretends to be many people with multiple computer accounts in order to manipulate a system in a malicious way. ICOs and airdrops are highly susceptible to these type of attacks so there is no way to verify that all ERC20 tokens distributed by the deployer were doled out fairly or unfairly. Proof of Work distribution is resistant to Sybil attacks. This means that ERC918 tokens are among the first trustless Ethereum tokens in the world. The distribution of ERC918 tokens is fair because they are allotted via an open, decentralized mathematical algorithm (that anyone can view on the mainnet blockchain) and not a centralized human monarchy.
ERC918’s first incarnation (and inspiration) was the 0xBitcoin project that launched in early 2018. Since then, several projects have realized the standard in innovative and creative ways. Catether (0xCATE) erupted early and additionally mints payback tokens during transfer operations to offset gas costs. 0xGold and 0xLitecoin each implement the first on-chain merge-mining with 0xBitcoin and the Mineable Gem project extends the standard onto a non-fungible collectible artifacts, whereby each gem has a unique mining difficulty. The Mineable project is a newer initiative that provides users with the ability to create mineable ERC20 tokens on-chain without writing a line of code and includes a virtualized hashing artifact market that allows miners to purchase on-chain vGPUs to improve mining difficulty and rewards. (written by jlogelin) ​

MINING IN A NUTSHELL

0xBitcoin is a Smart Contract on the Ethereum network, and the concept of Token Mining is patterned after Bitcoin's distribution. Rather than solving 'blocks', work is issued by the contract, which also maintains a Difficulty which goes up or down depending on how often a Reward is issued. Miners can put their hardware to work to claim these rewards, in concert with specialized software, working either by themselves or together as a Pool. The total lifetime supply of 0xBitcoin is 21,000,000 tokens and rewards will repeatedly halve over time.
The 0xBitcoin contract was deployed by Infernal_Toast at Ethereum address: 0xb6ed7644c69416d67b522e20bc294a9a9b405b31
0xBitcoin's smart contract, running on the Ethereum network, maintains a changing "Challenge" (that is generated from the previous Ethereum block hash) and an adjusting Difficulty Target. Like traditional mining, the miners use the SoliditySHA3 algorithm to solve for a Nonce value that, when hashed alongside the current Challenge and their Minting Ethereum Address, is less-than-or-equal-to the current Difficulty Target. Once a miner finds a solution that satisfies the requirements, they can submit it into the contract (calling the Mint() function). This is most often done through a mining pool. The Ethereum address that submits a valid solution first is sent the 50 0xBTC Reward.
(In the case of Pools, valid solutions that do not satisfy the full difficulty specified by the 0xBitcoin contract, but that DO satisfy the Pool's specified Minimum Share Difficulty, get a 'share'. When one of the Miners on that Pool finds a "Full" solution, the number of shares each miner's address has submitted is used to calculate how much of the 50 0xBTC reward they will get. After a Reward is issued, the Challenge changes.
A Retarget happens every 1024 rewards. In short, the Contract tries to target an Average Reward Time of about 60 times the Ethereum block time. So (at the time of this writing):
~13.9 seconds \* 60 = 13.9 minutes
If the average Reward Time is longer than that, the difficulty will decrease. If it's shorter, it will increase. How much longer or shorter it was affects the magnitude with which the difficulty will rise/drop, to a maximum of 50%. * Click Here to visit the stats page~ (https://0x1d00ffff.github.io/0xBTC-Stats) to see recent stats and block times, feel free to ask questions about it if you need help understanding it.

MINING HARDWARE

Presently, 0xBitcoin and "Alt Tokens" can be mined on GPUs, CPUs, IGPs (on-CPU graphics) and certain FPGAs. The most recommended hardware is nVidia graphics cards for their efficiency, ubiquity and relatively low cost. As general rules, the more cores and the higher core frequency (clock) you can get, the more Tokens you will earn!
Mining on nVidia cards:
Mining on AMD cards:
Mining on IGPs (e.g. AMD Radeon and Intel HD Graphics):
Clocks and Power Levels:

MINING SOFTWARE AND DESCRIPTIONS

For the most up-to-date version info, download links, thread links and author contact information, please see this thread: https://www.reddit.com/0xbitcoin/comments/8o06dk/links_to_the_newestbest_miners_for_nvidia_amd/ Keep up to date for the latest speed, stability and feature enhancements!
COSMiC Miner by LtTofu:
SoliditySha3Miner by Amano7:
AIOMiner All-In-One GPU Miner:
TokenMiner by MVis (Mining-Visualizer):
"Nabiki"/2.10.4 by Azlehria:
~Older Miners: Older and possibly-unsupported miner versions can be found at the above link for historical purposes and specific applications- including the original NodeJS CPU miner by Infernal Toast/Zegordo, the '1000x' NodeJS/C++ hybrid version of 0xBitcoin-Miner and Mikers' enhanced CUDA builds.

FOR MORE INFORMATION...

If you have any trouble, the friendly and helpful 0xBitcoin community will be happy to help you out. Discord has kind of become 0xBTC's community hub, you can get answers the fastest from devs and helpful community members. Or message one of the community members on reddit listed below.
Links
submitted by GeoffedUP to Tokenmining [link] [comments]

Bitcoin is not only code or hashpower. It does not depend on any one miner or developer, no matter their economic position. It is more than the network. It is a complete system. Expect me to side with whichever network of miners that continue the design itself.

This is my only position in this ongoing storm, of what for the most part have been useless distractions intended to galvanize the community in one direction or the other.
I don't care which developer team gets their software supported by whose hash power as long as it does not go against what Bitcoin was designed to be.
That's all I want. At the end of the day, I'm not here for the drama. I'm here for P2P cash and sound money.
submitted by fruitsofknowledge to btc [link] [comments]

Maxwell warned that without a cap, big miners can drive out their smaller competitors with huge blocks. This is actually not an attack. Instead it's the way Bitcoin was designed to scale. Orphans are market discipline for intransigent miners who can't keep up. This tweet sums it up.

Maxwell warned that without a cap, big miners can drive out their smaller competitors with huge blocks. This is actually not an attack. Instead it's the way Bitcoin was designed to scale. Orphans are market discipline for intransigent miners who can't keep up. This tweet sums it up. submitted by ratifythis to btc [link] [comments]

Fork attacks (from miners with majority hash-power) is actually described in the White Paper as something the bitcoin network is designed to withstand

Fork attacks (from miners with majority hash-power) is actually described in the White Paper as something the bitcoin network is designed to withstand submitted by ABrandsen to Bitcoin [link] [comments]

GAndresen: "I start with the consensus system described in the Bitcoin whitepaper." Adam Back (Blockstream): "no, you misunderstand consensus [...] if the protocol was decided by hashrate, the system could have an alternative much simpler design [??] users drive value, miners follow."

GAndresen: submitted by madonnina to btc [link] [comments]

While /r/btc stays in denial in their censored echo-chamber, hash rate for SV surges on Bitcoin Cash. The white paper, hash rate, POW, miner vote, and Satoshi's design shall prevail over Proof of Social Media (PoSM), propaganda, and censorship attacks.

While /btc stays in denial in their censored echo-chamber, hash rate for SV surges on Bitcoin Cash. The white paper, hash rate, POW, miner vote, and Satoshi's design shall prevail over Proof of Social Media (PoSM), propaganda, and censorship attacks. submitted by satoshi_vision to bitcoincashSV [link] [comments]

Crypto VC: Miners Shutting Down Is a Feature of Bitcoin’s Design

Crypto VC: Miners Shutting Down Is a Feature of Bitcoin’s Design submitted by SludgeFeed to u/SludgeFeed [link] [comments]

GAndresen: "I start with the consensus system described in the Bitcoin whitepaper." Adam Back (Blockstream): "no, you misunderstand consensus [...] if the protocol was decided by hashrate, the system could have an alternative much simpler design [??] users drive value, miners follow."

GAndresen: submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

GAndresen: "I start with the consensus system described in the Bitcoin whitepaper." Adam Back (Blockstream): "no, you misunderstand consensus [...] if the protocol was decided by hashrate, the system could have an alternative much simpler design [??] users drive value, miners follow."

GAndresen: submitted by cryptoallbot to cryptoall [link] [comments]

"At scale, Bitcoin will be processing millions of transactions per hour on mainnet. This is how Satoshi designed the system. Scale or die. In the year 2140, miner incentives will be geared towards processing as many transactions as possible. Billions of transactions per day."

submitted by satoshi_vision to bitcoincashSV [link] [comments]

In any chain split, expect me to side with whichever network that continues the design per Satoshis explanations. Bitcoin is not only code or hashpower. It does not depend on any one miner or developer, no matter their economic position. It is more than the network. It is a complete system. /r/btc

In any chain split, expect me to side with whichever network that continues the design per Satoshis explanations. Bitcoin is not only code or hashpower. It does not depend on any one miner or developer, no matter their economic position. It is more than the network. It is a complete system. /btc submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

In any chain split, expect me to side with whichever network that continues the design itself per Satoshis explanations. Bitcoin is not only code or hashpower. It does not depend on any one miner or developer, no matter their economic position. It is more than the network. It is a complete s /r/btc

In any chain split, expect me to side with whichever network that continues the design itself per Satoshis explanations. Bitcoin is not only code or hashpower. It does not depend on any one miner or developer, no matter their economic position. It is more than the network. It is a complete s /btc submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin is not only code or hashpower. It does not depend on any one miner or developer, no matter their economic position. It is more than the network. It is a complete system. Expect me to side with whichever network of miners that continue the design itself. /r/btc

Bitcoin is not only code or hashpower. It does not depend on any one miner or developer, no matter their economic position. It is more than the network. It is a complete system. Expect me to side with whichever network of miners that continue the design itself. /btc submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

"Subsidised ledgers The nature of Bitcoin is one that is designed to incentivise use, the same thing some call spam. Bitcoin is a commodity ledger. Miners are paid in a competitive consensus to add entries to the ledger."

submitted by satoshi_vision to bitcoincashSV [link] [comments]

"At scale, Bitcoin will be processing millions of transactions per hour on mainnet. This is how Satoshi designed the system. Scale or die. In the year 2140, miner incentives will be geared towards processing as many transactions as possible. Billions of transactions per day."

submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

"Subsidised ledgers The nature of Bitcoin is one that is designed to incentivise use, the same thing some call spam. Bitcoin is a commodity ledger. Miners are paid in a competitive consensus to add entries to the ledger."

submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Fork attacks (from miners with majority hash-power) is actually described in the White Paper as something the bitcoin network is designed to withstand • r/Bitcoin

Fork attacks (from miners with majority hash-power) is actually described in the White Paper as something the bitcoin network is designed to withstand • Bitcoin submitted by ayanamirs to GoldandBlack [link] [comments]

Largest miner heist "600 powerful servers specifically designed to mine bitcoin. Plus 600 graphics cards, 100 processors, 100 power supplies, 100 motherboards and 100 sets of computer memory." Dayuum

Largest miner heist submitted by messiahsk8er to Bitcoin [link] [comments]

Maxwell warned that without a cap, big miners can drive out their smaller competitors with huge blocks. This is actually not an attack. Instead it's the way Bitcoin was designed to scale. Orphans are market discipline for intransigent miners who can't keep up. This tweet sums it up.

Maxwell warned that without a cap, big miners can drive out their smaller competitors with huge blocks. This is actually not an attack. Instead it's the way Bitcoin was designed to scale. Orphans are market discipline for intransigent miners who can't keep up. This tweet sums it up. submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Dr Craig S Wright on Twitter : Taking a monetary system and experimenting on it using other people's money is not innovation. It was what bitcoin is designed to stop. Bitcoin is decided by miners.

Dr Craig S Wright on Twitter : Taking a monetary system and experimenting on it using other people's money is not innovation. It was what bitcoin is designed to stop. Bitcoin is decided by miners. submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Miner ++10BTC Daily Best Mining Generator Premium Payment Proof Legit Site!! BITCOIN GENERATOR FREE BITCOIN MINER 2020 100% LEGIT BITCOIN MONEY ADD Crypto Mining Container Tour - New design for international shipping Best Bitcoin Mining/Miner Software Bitcoin miner system 2020 Real Working atNWs5LYN0M

In addition, bitcoin mining software oversees the input and output of your mining hardware while also displaying statistics such as hash rate, temperature, fan speed and tempo of your miner. The software’s function can be summed up in two ways: If you are an individual miner, the bitcoin mining software connects your rig to the Bitcoin network. When each puzzle is solved a miner is allowed to add a new block to the Bitcoin public ledger. The network then releases newly created Bitcoin and rewards the miner for doing this work. By design, the network continues to incentivize those who commit the most resources to validating and securing the network. Bitcoin Miner Bitcoin Inc. Dec 2017 – Present 2 years 8 months. The Country Studio of Photography. 27 years. Owner at Online Design Club - WordPress Website Design, Logo Design & Graphic The primary draw for many Bitcoin miners is the prospect of being rewarded with valuable bitcoin tokens. That said, you certainly don't have to be a miner to own cryptocurrency tokens. Introducing the VedenMiner. Veden technologies has assembled a world class group of experts to design and build a BETTER SHA256 Bitcoin Miner. We have created a miner that will last longer, operate quieter, more efficiently, and come with Western company standards of quality, customer service and support.

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